Ohio Gambling is Slightly Up, Jack Cincinnati Still Struggles
Gambling revenue was up two percent through the first half of 2018. The Ohio Lottery Commission, the state authority overseeing casinos, reported the year-to-date gambling revenues this week. Though casino revenue is slightly up for the year, Jack Cincinnati Casino continues to struggle.
Jack Cincinnati was the only casino out of four that was down for the year. In June alone, the casino's revenues were down 2.3 percent compared to June of 2017. The year-over-year dip was less significant when comparing the year-to-date revenue totals to those of 2017, which was only a 0.3 percent drop.
Jack Cincinnati's sister property, Jack Cleveland Casino, had a much better June. The casino was up 9.4 percent for the month and clocked an overall increase of 2.6 percent for the first six months of the year. Overall, Jack Cincinnati has brought in $102.1 million, which is only slightly more than Jack Cincinnati's six-month total of $100.7 million.
Ohio's casino market leader so far this year is Hollywood Casino Columbus, which brought in $115 million. The revenue represents a 3 percent increase year-over-year for the first six months. However, in June, Hollywood Casino Columbus was up 7.5 percent over the same month last year with $19 million in gaming revenue.
These revenue figures are limited to gaming. Revenues from casino amenities, food and beverage sales, and tourist activities outside the casino floor are not included in the report from the state Lottery Commission.
In addition to four casinos, Ohio has seven racinos which offer slot machines and video gambling as well as horse racing. The seven racinos reported a combined $87.4 million in June, an 11.9 percent increase over June 2017.